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LEAGUES POST AUDIO OF NCUA SESSION
updated 07/16/14 02:14 PM
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To ensure all member credit unions have access to the audio recording from the National Credit Union Administration’s (NCUA) Listening Session on June 26 in Los Angeles, the California and Nevada Credit Union Leagues have posted the session on its website.

Click here to access the Listening Session audio archive, which is categorized by topic so you can easily find and listen to subjects important to you.

The NCUA’s proposed Risk-Based Capital Rule is the most significant regulation credit unions have faced in several years. At this first Listening Session, discussions about the proposal dominated the meeting.

The Listening Session provided a great opportunity to be heard. Credit union leaders voiced their concerns on the proposed rule’s risk weightings, calibrations for concentration and interest rate risks, the definition of a “complex credit union,” opportunities to comment on a second proposal, the rule’s competitive disadvantage, and other issues.

“We want to thank attendees for raising their voices and making a powerful impact, as well as those who engaged in the comment letter process,” said Diana Dykstra, president and CEO of the Leagues.

 
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SUPP. CAPITAL FOR RBC GAINS ADVOCATE updated 12/16/14 11:04 AM
McWatters Supports Model for CUs
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters recently said he supports including a supplemental capital provision in the agency's risk-based capital (RBC) rule to help credit unions meet the rule’s requirements.

CU DIRECT TO DONATE 20K TO CMN updated 12/16/14 11:03 AM
‘20 for 20’ Anniversary Campaign
CU Direct, the nation’s leading provider of lending, automotive, and strategic solutions for credit unions, is celebrating its 20th anniversary by holding a contest to donate $20,000 to one of the nation’s Children’s Miracle Network (CMN) hospitals.

NCUA MAY BE LIABLE FOR DATA BREACH updated 12/16/14 10:05 AM
Flash Drive with Member Info Lost
The National Credit Union Administration (NCUA) confirmed on Dec. 15 that a flash drive containing the personal information of Palm Springs FCU member was lost during a recent audit. The loss of data includes names, addresses, Social Security numbers, and account information.

PREPARE FOR HEALTH CARE REQUIREMENTS updated 12/16/14 09:42 AM
Also, Digital Media and Marketing
Federal health care law requirements, creating a quick digital message, and the marriage of innovation with marketing are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest!